Ride Vision, a Herzliya, Israel-based collision-aversion technology (CAT™) provider, raised $7M in Series A funding.
The funding round, which brought total funding raised to date to $10M, was led by OurCrowd, with participation from YL Ventures, Mobilion VC, and Metagal.
The company also announced a partnership with automotive company Continental AG.
Founded in 2018 by motorcycle enthusiasts Uri Lavi and Lior Cohen, Ride Vision uses a combination of image-recognition and AI technologies to power its patented human-machine warning interface (HMI) and predictive vision algorithms to help rider make critical life-saving decisions in real time. The hardware includes two wide-angle cameras mounted on both the front and rear of the vehicle, alert indicators placed on the mirrors, and an onboard main computing unit that stores Ride Vision’s patented algorithms.
The company’s products will be available in several European countries starting early 2021; namely Italy, Germany, Austria, Spain, France, Greece, Israel, and the UK. Its products will also be available in the U.S. and Brazil, Canada, Australia, Japan, India, China, and others.
FinSMEs
17/11/2020